SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Box-By-The-Riviera™ who wrote (251834)7/23/2003 11:33:06 PM
From: Michael Watkins  Read Replies (1) of 436258
 
HUI Amex Gold Bugs (Weekly)

trendvue.com

i'm told there's a HUI triangle with resolution at 230. i laughed and laughed and laughed and laughed and laughed because that's just fricken insane <g>

Ya, the dreaded yellow metal might prove to be that funny indeed. ;-) (although I measure the move to be closer to 220 but what's a few points)

But one never knows. While that continuation pattern reminds me very much of similar internet stock patterns on the march up to the blow off, consolidation is by definition "indecision", and when the masses finally decide which way is up (or down) then what will happen will happen.

But, front row seats and all eyes forward, things are happening there now. I would not be surprised to see a poke up, and a drop back down, in concert with any retracement GC might make in the next day or so (if indeed any retracement happens). That would bring out HUI related sellers, figuring its "dead". Should such a thing happen it would be very useful to lurk above down bars with buy stop orders for a couple days, looking to bag a surprise move up, fueled by shorts such as that TheStreet.com columnist.

Now that *would* be funny.

if it happens, send him a link !

/mw
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News